Ways2H and its parent company Clean Energy Enterprises have engaged capital markets advisory firm ECMB Capital Partners as part of an effort to increase its financial capabilities as it pursues new commercial renewable hydrogen production facilities around the world.
As a result of today’s (28th Jan) news, ECMB will provide support to Clean Energy Enterprises, advising and providing services relating to Ways2H’s development, including raising additional capital, which will be used to fund Ways2H as it executes on new orders and builds facilities that produce renewable hydrogen fuel for mobility and power generation.
“With global demand for renewable hydrogen growing quickly, investors are increasingly interested in this sector and we see significant opportunities for Ways2H’s innovative technology in this space,” ECMB’s Managing Partner, John Costigan, said.
“We are thrilled for the opportunity to be part of Ways2H’s exciting growth trajectory at this key moment in its development.”
“With the deployment of our first renewable hydrogen systems onsite, we expect to contract several commercial projects during 2021 and appreciate ECMB’s additional financial expertise as we develop facilities to meet demand for clean hydrogen in Europe, Asia and the Americas,” added Ways2H CEO Jean-Louis Kindler.
In addition to its ECMB partnership announcement, Ways2H has also announced Stephen Rusch as its new Chief Financial Officer.
“I am excited to join Ways2H and its mission to increase global renewable hydrogen supply, while addressing two major environmental issues facing our planet: climate change and the growing waste crisis,” Rusch said.
Rusch previously served as Founder and Partner at Costa Med Partners and The Magdalena Group. Prior to that, he was a senior investment banker with the Canaccord Genuity and Piper Jaffray investment banking firms.